Filmmaker gets caught for Corporate welfare Fraud

Adams, a 50-year-old Barnstable resident and former political operative, was hauled into Boston Municipal Court yesterday on larceny charges for allegedly inflating expenses on his 2008 made-in-Massachusetts film “The Golden Boys,” and 2009’s set-on-the-Cape romantic comedy “The Lightkeepers,” which starred Dreyfuss and Blythe Danner.

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In 2009, he allegedly puffed up his expense reports to get a $4.2 million tax credit for “The Lightkeepers,” claiming to have spent more than $17 million in eligible expenses, including a $2.5 million salary for Dreyfuss. But prosecutors say Dreyfuss was paid just $400,000 and that many of the expenses were bogus.

In all, Attorney General Martha Coakley’s office said Adams fraudulently received more than $4 million in tax credits, which were then sold off to other unnamed companies. State law allows filmmakers to receive tax credits of up to 25 percent of production costs.